Living Trust Attorney in Huntington Beach CA
Huntington Beach Living Trust Attorney
Let our highly experienced California living trust attorney help you protect your assets and save you and your family from high costs in the long run.
In California, a Living Trust is very often the preferred Estate Plan for many people. The most common type of Living Trust in California is one that is revocable, which means that you have the power to amend and revoke the trust.
The power of revocation and amendment are important for clients in an ever changing world where financial and family circumstances continually change.
Living Trusts vs. Wills
Living Trusts and Wills are the primary Estate Planning tools as both allow you to decide who receives your money, property, and assets after you pass away, and who will manage, settle, and distribute your estate after you are gone.
The primary advantage of a Living Trust over a Will is that a Living Trust avoids the costly and timely necessity of putting the family through a Probate Administration. Avoiding Probate saves the family thousands of dollars in the long run.
Living Trust in California is settled more quickly than the average Probate, and a Living Trust allows families to carry out Estate Planning in private. Probate cases are a public record, and are open to anyone to inspect.
Living Trusts can incorporate special features to handle specific family dynamics. These special approaches can include Special Needs Trusts for the care of a disabled child or family member; Pet Trusts; customized provisions for a “Blended Family” for second marriages that include children from prior marriages, adopted children, step-children, etc.; and “Spendthrift” provisions which protect a child’s inheritance from creditors, predators, and from themselves.
Helpful During Periods of Incapacity
If you are the trustee of your own living trust and you become incapacitated, your chosen successor trustee can manage the trust’s assets for you, very similar to an agent with power of attorney.
Estate Tax Planning
Estate and Gift Taxation issues can be avoided or minimized through the use of custom tailored Living Trust in California.
Counseling and Advice: The Key Ingredient
The key ingredient in the crafting of a Living Trust or Family Trust is the counseling and legal advice I give each and every client as their personal lawyer.
I frequently counsel people who have experienced high-pressure sales pitches from non-lawyer “financial planners” purporting to offer living trusts. These trust schemes hide the real goal, that is, to sell dubious and expensive annuity and insurance products; and more often than not, result in the client buying a useless “botched trust”.
Huntington Beach, CA
Huntington Beach is a seaside city in Orange County in Southern California. According to the 2010 census, the city population was 189,992; making it the largest beach city in Orange County in terms of population. It is bordered by the Pacific Ocean on the southwest, by Seal Beach on the northwest, by Costa Mesa on the east, by Newport Beach on the southeast, by Westminster on the north, and by Fountain Valley on the northeast. It is known for its long 8.5-mile (13.7 km) beach, mild climate, and excellent surfing. The waves are a unique natural effect caused by edge-diffraction of ocean swells by the island of Catalina, and waves from distant hurricanes. The area was originally occupied by the Tongva people. European settlement can be traced to a Spanish soldier, Manuel Nieto, who in 1784 received a Spanish land grant of 300,000 acres (1,200 km2), Rancho Los Nietos, as a reward for his military service and to encourage settlement in Alta California. Nieto’s western area was reduced in 1790 because of a dispute with the Mission San Gabriel, but he retained thousands of acres stretching from the hills north of Whittier, Fullerton and Brea, south to the Pacific Ocean, and from today’s Los Angeles River on the west, to the Santa Ana River on the east. Huntington Beach, city, Orange county, southwestern California, U.S. Situated south of Los Angeles, it lies along the Pacific Coast Highway. Originally the territory of Gabrielino (Tongva) Indians, the city was formed from parts of Rancho Las Bolsas and Rancho Los Alamitos. It was first called Shell Beach and after its subdivision (1901) was known as Pacific City. To encourage its promotion as a seaside resort, it was renamed Huntington Beach for the railroad magnate Henry E. Huntington. The discovery of oil (1920) beneath the town site spurred the residential growth of the city and provided a basis for the city’s industrial development; after 1930 offshore tideland oil production began, but the oil industry has since undergone a substantial decline. Tourism, service industries, and technology assumed an increasing role in the city’s changing economy. Major economic assets include Boeing’s space centre and a large steam generating plant. Huntington Pier (originally built in 1914) is a popular tourist attraction. The city has been known for decades as Surf City, and Huntington State Beach is still a favourite venue for surfing. The Bolsa Chica Ecological Reserve preserves a coastal salt marsh that is home to several hundred bird species and millions of migrating birds. The city contains a community college established in 1966. Inc. 1909. Pop. (2000) 189,594; (2010) 189,992.
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